Question and answer
If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, how much will you owe in simple interest at the end of the life of the
loan? Answer: $140,000.00 x .03 x 5 years
If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, the interest you will owe at the end of 5 years is $21,000. 140,000*.03*5=21,000
Get an answer
Original conversation
User: If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, how much will you owe in simple interest at the end of the life of the loan? Answer: $140,000.00 x .03 x 5 years

Weegy: For simple interest the formula is I=Prt I=500,000*.145*10 I=725,000 $500,000.00 at 14.5% simple interest for ten year - the interest is $725,000.
Expert answered|reign_23|Points 0|

Question
Asked 1/1/2013 10:20:43 AM
Updated 1/1/2013 11:58:49 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by debnjerry
New answers
Rating
3
If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, the interest you will owe at the end of 5 years is $21,000.
140,000*.03*5=21,000
Added 1/1/2013 11:58:49 AM
This answer has been added to the Weegy Knowledgebase
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
What is 9 /2/3 - 6 1/2 in a mixed numeral?
Weegy: 9 2/3 - 6 1/2 = 58/6 - 39/6 = 19/6 = 3 1/6 (More)
Question
Expert Answered
Asked 12/31/2012 12:45:36 PM
0 Answers/Comments
The value of a property declines every year by 6%. Presently, its value is $50,000. What will be its value 2 years from now
Weegy: The value after 2 years would be 524.29. (More)
Question
Expert Answered
Updated 1/1/2013 10:23:12 AM
1 Answer/Comment
The value of a property declines every year by 6%. Presently, its value is $50,000. 2 years from now, it's value will be $44,180.
Added 1/1/2013 10:23:12 AM
A company produces 230 cars. It wants to increase production 5%. How many cars will it produce?
Weegy: 230 * 1.05 = 241.5. If production increased by 5%, the company would produce 242 cars (rounded). (More)
Question
Expert Answered
Asked 12/31/2012 1:59:14 PM
0 Answers/Comments
If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, how much will you owe in simple interest at the end of the life of the loan?
Weegy: For simple interest the formula is I=Prt I=500,000*.145*10 I=725,000 $500,000.00 at 14.5% simple interest for ten year - the interest is $725,000. (More)
Question
Expert Answered
Asked 1/1/2013 10:22:47 AM
0 Answers/Comments
17,178,604 questions answered
Popular Conversations
what is the mode of 3, 7, 9, 2, 5, 3, 4, 6, 1, 0 User: {3, 7, 9, 2, ...
Weegy: I assume you mean divided by and the answer would be 1 User: {3, 7, 9, 2, 5, 3, 4, 6, 1, 0} the mode of these ...
8/28/2014 10:48:20 AM| 3 Answers
x/8-6>2
8/28/2014 2:19:03 PM| 3 Answers
Control programs are also known as
8/28/2014 2:34:02 AM| 2 Answers
Which individual or entity is responsible for conducting long-range ...
Weegy: Logistics section is responsible for conducting long-range and/or contingency planning. ........... User: ...
8/28/2014 6:22:01 AM| 2 Answers
My Section supports the incident response by overseeing contracting ...
Weegy: Answer: Logistics section Chief
8/28/2014 6:22:50 AM| 2 Answers
4(x-7)=2
Weegy: x - 2 = 7 x = 7 + 2 x = 9 User: 4t-13=57
8/28/2014 7:05:07 AM| 2 Answers
14 · (4 + 3)-1
8/28/2014 10:27:42 AM| 2 Answers
The symbol for the hydronium ion is _____. H+ H3O- H3O+ OH-
Weegy: The symbol for the hydroxide ion is OH- .
8/28/2014 11:35:15 AM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
Points 2607 [Total 24207]| Ratings 4| Comments 2567| Invitations 0|Online
S
L
1
L
Points 2216 [Total 6192]| Ratings 8| Comments 2136| Invitations 0|Offline
S
L
C
P
C
1
L
L
Points 2148 [Total 15762]| Ratings 13| Comments 2018| Invitations 0|Online
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 2071 [Total 17098]| Ratings 7| Comments 2001| Invitations 0|Online
S
L
1
1
1
1
L
1
Points 1927 [Total 9634]| Ratings 2| Comments 1907| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 900 [Total 18471]| Ratings 0| Comments 900| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 559 [Total 11220]| Ratings 1| Comments 549| Invitations 0|Offline
S
1
L
L
Points 558 [Total 5122]| Ratings 0| Comments 558| Invitations 0|Offline
S
Points 411 [Total 614]| Ratings 1| Comments 401| Invitations 0|Offline
S
Points 369 [Total 369]| Ratings 2| Comments 319| Invitations 3|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.